Longbridge Financial can help you make the most of your reverse mortgage to have a more comfortable retirement.
Longbridge is committed to helping you discover the right option, based entirely on your needs and financial goals. Discover the possibilities, including how much cash you can get, by contacting me at (602) 428-6234 or via email at lerickson@longbridge-financial.com.
Home Equity Conversion Mortgage
A HECM reverse mortgage features a fixed or variable rate of interest. Depending on your financial circumstances and needs, you can choose to collect your funds:
- As a single upfront payment, usually up to 60 percent of the available funds.
- Over time, as recurring installments.
- As needed, in the form of a line of credit.
- You can also choose a mix of these options, for example, receiving an initial lump-sum amount and then having the remainder available as a line of credit.
HECM for Purchase Reverse Mortgage
Would you like to buy a home to better fit your lifestyle, either now or in the future? Longbridge Financial also offers a HECM for Purchase reverse mortgage.
Longbridge Platinum
If you have a higher-value home or condominium, Longbridge Financial offers a proprietary, non-government insured reverse mortgage loan. Similar to a traditional Home Equity Conversion Mortgage, this product is designed for borrowers ages 55+* and over; but Platinum’s program flexibility offers eligible homeowners access to more available money, reduced closing costs, and a low, fixed interest rate.
